Crestline Management LP Boosts Position in Service Co. International (NYSE:SCI)

Crestline Management LP lifted its holdings in Service Co. International (NYSE:SCI) by 53.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,323 shares of the company’s stock after acquiring an additional 3,265 shares during the period. Crestline Management LP’s holdings in Service Co. International were worth $744,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SCI. Cetera Investment Advisers increased its holdings in Service Co. International by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 16,927 shares of the company’s stock valued at $1,351,000 after purchasing an additional 435 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Service Co. International in the fourth quarter valued at about $1,806,000. Captrust Financial Advisors raised its holdings in shares of Service Co. International by 97.9% during the 4th quarter. Captrust Financial Advisors now owns 40,876 shares of the company’s stock valued at $3,263,000 after buying an additional 20,224 shares during the period. BW Gestao de Investimentos Ltda. acquired a new position in Service Co. International during the 4th quarter worth approximately $1,780,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Service Co. International by 10.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 10,564 shares of the company’s stock worth $843,000 after acquiring an additional 994 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Service Co. International from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

Service Co. International Stock Performance

Service Co. International stock opened at $75.74 on Friday. Service Co. International has a 52 week low of $68.51 and a 52 week high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The stock has a market cap of $10.78 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The stock has a 50 day moving average of $78.33 and a 200-day moving average of $80.19.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. On average, analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, June 13th. Service Co. International’s dividend payout ratio is currently 35.16%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $83,066,078.48. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tony Coelho sold 5,400 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the transaction, the director now directly owns 43,938 shares of the company’s stock, valued at $3,336,651.72. This trade represents a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,900 shares of company stock worth $5,153,461 over the last quarter. 4.40% of the stock is owned by corporate insiders.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.